How Much Long Term Care Insurance?

Evaluate your LTCI needs based on your life expectancy, the cost of nursing home care in your state and then review our guidelines for how much LTCI insurance to buy.

Average Costs for Daily Nursing Home Care

Nursing Home (Semi-Private Room) Daily Rates*
National Average: $187

* Semi-Private Room, based on Genworth Financial 2008 Cost of Care Survey © Genworth

Guidelines for How Much Long Term Care Insurance

Total Assets	Maximum Percentage of Income to be Applied Towards Annual Premium
$30,000 or below	Please reconsider your long term care needs
$30,000 to $100,000	7% of Yearly Income
$100,00 and Above	10% of Yearly Income

Courtesy of National Association of Insurance Commissioners

Life Expectancy Tables*

(For a single person)

Age	Additional # of years	Age	Additional # of years	Age	Additional # of years	Age	Additional # of years
35	48.5	55	29.6	75	13.4	95	4.1
36	47.5	56	28.7	76	12.7	96	3.8
37	46.5	57	27.9	77	12.1	97	3.6
38	45.6	58	27.0	78	11.4	98	3.4
39	44.6	59	26.1	79	10.8	99	3.1
40	43.6	60	25.2	80	10.2	100	2.9
41	42.7	61	24.4	81	9.7	101	2.7
42	41.7	62	23.5	82	9.1	102	2.5
43	40.7	63	22.7	83	8.6	103	2.3
44	39.8	64	21.8	84	8.1	104	2.1
45	38.8	65	21	85	7.6	105	1.9
46	39.9	66	20.2	86	7.1	106	1.7
47	37.0	67	19.4	87	6.7	107	1.5
48	36.0	68	18.6	88	6.3	108	1.4
49	35.1	69	17.8	89	5.9	109	1.2
50	34.2	70	17.0	90	5.5	110	1.1
51	33.3	71	16.3	91	5.2	111	1.0
52	32.3	72	15.5	92	4.9
53	31.4	73	14.8	93	4.6
54	30.5	74	14.1	94	4.3
* IRS Publication 590, 2007 Individual Retirement Arrangements, Appendix C, Table 1